Materials & Chemicals / Tinted Glass Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Compagnie De Saint-Gobain S.A. (Paris :SGO.PA), GEOCELL Schaumglas
Tinted Glass Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Compagnie de Saint-Gobain S.A. (Paris :SGO.PA), GEOCELL Schaumglas
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Tinted Glass Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.8% during the review period (2022 to 2027).
Tinted Glass Market Overview
Tinted Glass is softer glass, which is thermally treated and slowly cooled to release any internal stresses after the glass is formed. This process of treating the glass is known as the annealing process, deriving the name Tinted Glass. However, Tinted Glass is also commonly referred to as plate or window glass. In case of glass break, Tinted Glass mostly shatters into jagged pieces, which can also lead to serious injuries. Hence, Tinted Glasses are not considered for use where strength and safety are pre-requisite conditions.Tint Glass refers to any glass that has been coated with film, which reduces the transmission of light through it. Glass can be tinted with the help of various types of coating, which reflect different amounts and types of light, according to the preferences of the consumer. Tinted glass almost always requires heat treatment to decrease potential thermal stress and breakage and tends to re-radiate the absorbed heat. Tinted glass is most frequently used in automobile windows.Between the rising environmental challenges, the ozone layer depletion is the most alarming one. Ozone layer absorbs the harmful UV radiation. International trade agreements, such as the Montreal Protocol, have been successful in preventive the production of chemicals that are detrimental to the ozone layer. But, these chemicals have the tendency to stay active in the atmosphere for an extended period of time. Advanced materials such as tinted glass with UV absorbing additives can effectively absorb a significant share of harmful radiation coming from the sun. This contains reduction in UVA and UVB radiations, which are responsible for skin cancer. Installing homes and car windows with tinted laminated glass can significantly decrease the transmission of UV radiation through glass, limiting the UV radiation exposure.
Industry News
April 2021 –Gold Plus Glass Industry, an Indian leading manufacturer of flat glass including laminated glass, announced production capacity expansion plans with the investment of USD 290 million. This step was taken to strengthen the company’s position in the local and overseas glass industry. The company is targeting to install float & solar glass production capacity of 700,000 metric tons per annum.
Cellular glass insulation manufacturer FOAMGLAS® is part of the sustainable Circular Office project in Belgium. The development of the FOAMGLAS® new glue-free solution fits perfectly into the company's sustainability goals.
Latest trends
Between the rising environmental challenges, the ozone layer depletion is the most alarming one. Ozone layer absorbs the harmful UV radiation. Universal trade agreements, such as the Montreal Protocol, have been successful in limiting the production of chemicals that are detrimental to the ozone layer. Though, these chemicals have the tendency to stay active in the atmosphere for a protracted period of time. Innovative materials such as tinted glass with UV absorbing additives can successfully absorb a significant share of harmful radiation coming from the sun. This contains reduction in UVA and UVB radiations, which are responsible for skin cancer. Installing homes and car windows with tinted laminated glass can knowingly reduce the transmission of UV radiation through glass, limiting the UV radiation exposure.
Moreover, UV rays can fade colors of carpets, curtains, and furniture in homes, which can be limited by installing glass. Therefore, increasing awareness among the general public regarding building material is likely to enhance the adoption of glass and create new market chances.
Driving factors
Tinted glass is planned to safeguard in the event of breaking. When impacted, this kind of glass cracks in a distinctive spider web pattern. The interlayer polymer prevents glass from breaking into numerous small sharp pieces, which plays a critical role in ensuring security. Today, safety is amongst the highest priority in the automotive sector. Windshields made from these glasses are extensively adopted in automobile manufacturing. In case of accidents, these protection glasses play a vital role in safeguarding passengers from injuries by sharp glass pieces.
In addition to improving protection, tinted laminated glass also restricts ultraviolet rays. The heat rejected can significantly progress passenger comfort and reduce the load on air conditioning system. Power consumption is an important factor influencing the battery size in electric vehicles, which, in turn, affects the overall performance of automobile. Employing environment-friendly solutions in electric vehicles can significantly decrease the overall power consumption and improve battery range, particularly in hot regions.
Rising economies, such as China and India, are likely to witness a growth in demand for mobility solutions during the forecast period, owing to growth in their population. Rising purchasing power of consumers in developing economies is likely to prompt a rise in request for both commercial and passenger vehicles. Other than performance and comfort, protection standards are among the primary factors influencing the demand for laminated glasses. In a bid to progress safety standards in their vehicles, automakers are employing innovative materials such as tinted glass. Therefore, wider adoption of electric vehicles along with increasing emphasis on safety standards in the automotive industry is anticipated to drive the market development.
What are the major Applications, Types and Regions for Tinted Glass Market?
By Type, it is segmented into
Common Glass
Toughened Glass
Others
By Applications, it is segmented into
Household
Office Building
Mall
Other
Tinted Glass Market Regional Analysis
The Tinted Glass industry's growth has been driven primarily by the building sector. The construction and infrastructure industry grasps the highest market share in the Tinted Glass market due to the growing demand for Tinted Glass in residential building projects.
The building industry contributes about 9% to the country's GDP. 100% Foreign direct investment in the building industry in India under automatic route is allowed in completed projects for operations and management of townships, malls/shopping complexes, and business constructions.
In 2022, Asia Pacific dominated the global market and was estimated at USD 4.69 billion. The region is also projected to register faster progress during the forecast period on the basis of flourishing construction activities in both developed and developing economies in the region. China grasps the major market share in the consumption of tinted laminated glass in the world. The country alone occupied around 59% share in the regional market. Heavy government spending on infrastructure projects, rising working population, and rising disposable income are common key drivers that are boosting request for high quality laminated glass products in emerging economies. New housing schemes by local governments are projected to create potential demand for laminated glass products in the residential sector. For instance, in Feb. 2022, the South Korean government announced a plan to build 8,30,000 houses across the country over the next four years, with 3,24,000 new houses being built in Seoul and 2,99,000 nearby Gyeonggi-do Province and Incheon.
Growing demand for sustainable and environment-friendly building products due to strict government regulations is anticipated to push demand in Europe. The product awareness amongst consumers and consumer willingness to spend more money on safety are driving the adoption of laminated glasses in residential and commercial buildings. Central and Eastern European countries are expected to indicate faster growth in the construction sector as compared to Western countries.
In North America, the U.S. occupied majority of the market share on the basis of very well-established construction as well as automotive businesses. Technological advancements in both industries are further surging the demand for advanced products including colored laminated glass. According to Global Construction Perspectives and Oxford Economics Construction Outlook 2027, the U.S. construction market is predictable to grow faster than China over the next 15 years. In North America, laminated glasses are extensively adopted to safeguard buildings from changing environmental conditions as they are tough and can withstand heavy effect. The Canadian construction manufacturing and automotive sector are also expected to indicate steady growth after effect of COVID-19. This progress is projected to generate demand for high quality building materials such as laminated glass products.
In Latin America, Brazil dominated the area market with a share of more than 44%. The increasing commercial sector in Brazil and growing automotive production are the main factors surging the demand. Mexico and Columbia are also significantly contributing to the market progress. Favorable government policies and rising investment by leading construction & automotive manufacturers are expected to further create a highly conductive environment for the tinted laminated glass market development.
Though the Middle East & Africa contributed the least share in the global market in 2022, the region is projected to produce at a faster rate. Increasing demand for protective building products to safeguard against hot air is pushing the demand in these regions. Heavy FDI and public investment in the commercial sector due to the increasing tourism industry is projected to rise demand in GCC. Saudi Arabia and the UAE are the key markets in GCC automotive as well as construction glass industry. In Africa, South Africa is a well-established market due to product awareness and high standard of living. Though, increasing consumer spending on residential construction and safe passenger cars is creating strong request for glasses in other countries such as Nigeria, Ethiopia, and others.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Tinted Glass Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Tinted Glass Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Tinted Glass Market Report Scope?
Reports Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 7.8%during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Tinted Glass Report
Evaluate Tinted Glass market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Tinted Glass market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Tinted Glass Market is studied from 2017 - 2027.
What are the significant types of Tinted Glass Market?
Common Glass, Toughened Glass Others.
What are the major end-use applications of the Tinted Glass Market?
Household, Office Building, Mall, Other, Others.
What segments are covered in the Tinted Glass Market report?
The Global Tinted Glass Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Tinted Glass Market?
The sample report for the Tinted Glass Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
